Friday, July 22, 2011

Marginal Rate of Substitution in Bangalore

If you had 3000/- INR, what could you get?

- 1.5 shirts/blouses or 0.5 of a dress from Forever New/Jack n Jones/Bennetton or any of the other fancy stores on 100 ft. road.

- A dinner for 1 at one of the 5 stars (with booze)

- A dinner for 5 at Shanthi Sagar

- A 3/4 tank of gas for a Hyundai I20 (a mid size)

- 5-6 pizza's from Domino's

- going salary for 1/2 a maid or 1/4 of a driver

- 10 bunches of fresh flowers

- 2 pairs of sandals from Metro

- Basic Groceries for 1.5 months (daal, rice). With veggies, basic groceries for 1 month.

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